- Course Outline
8:00am - Registration and coffee (1st day only)
8:30am - Session begins
5:00pm - Adjournment
Breakfast, two refreshment breaks and lunch are provided daily
Financial management is one of the most important aspects of managing any business. Our society has a fundamental weakness in the understanding the fundamentals of financial concepts and a lack of “scientific common sense judgment” that is required to make sound decisions. This seminar starts with the basic fundamentals of finance such as time value of the money, calculation of interest; present; future; and annual worth, rate of return, benefit/cost ration, cash flow diagrams, and depreciation. The seminar then shifts to cost estimating concepts such as types; purposes; and methodologies of cost estimates, total cost of a project, direct and indirect costs, labor and equipment cost analysis, materials and procurement management, overhead; contingency; and profit, bonds and insurance, general tips in quantity and cost estimating, cost tracking and control, Earned Value analysis, and a glimpse on computer estimating software.
Learn the time value of the money and the calculation of interest and its applications such as present; future; and annual worth, rate of return
Learn how to do financial analysis, cash flow diagrams, and depreciation analysis of an equipment
Learn about direct and indirect costs and how to estimate indirect items such as overhead, contingency, profit, bonds and insurance
Get an idea on labor and equipment analysis for better estimate of their cost
Learn about materials management and procurement and the cost associated with materials
Learn types, purposes, and methodologies of cost estimates; and get tips on how to estimate the total cost of a project
Get some tips on bidding and types of bidding procedures and contracts
Learn the basics of cost control and Earned Value management
Project managers and superintendents, quantity surveyors and cost estimators, schedulers and project controls officers, financial management and project management personnel. The seminar also provides valuable information for anyone involved in the financial analysis for an investment or a project.
For more Project Management courses like this one:
After Attending This Course You Will Be Able To:
Better understand the concept of the time value of the money and the calculation of simple cases
Become more capable in performing financial analysis
Understand the concept of project cost estimating
Understand the types and purposes of cost estimates
Understand the difference between direct and indirect cost, and how to estimate each
Do labor and equipment cost analysis
Estimate bonds and insurance
Understand how to put the estimate together for the purpose of bidding or negotiation
Understand cost control and Earned Value analysis
Become more aware of factors affecting and influencing the total cost of a projectSeminar Outline: Finance Topics Time value of the money: simple interest, compound interest, uniform series Cash flow diagrams, calculating cost of borrowing money Equivalent worth; present worth, future worth, annual worth Rate of return (ROR, IROR), break-even analysis Benefit/cost (B/C) ratio Decision tree, risk analysis, Expected Value, Proforma Depreciation Government projects Capital Improvement Program (CIP), maintenance, and other Bidding and work contract Restrictions on government projects Estimating software: Timberline Cost Estimating Definitions: quantity estimating/surveying, cost estimating, cost engineering, cost control, cost management Types of estimate from accuracy point of view and their uses/purposes/methodology Total project cost to an owner Scope definition, management, and control. Scope creep and progressive elaboration To bid or not to bid; factors involved, cost of bidding, are all items included in my bid? Schedule of values, Work Break Down Structure (WBS) Estimating and accounting, scheduling, procurement, and project controls Bid shopping, bid unbalancing Direct versus indirect cost Bonds: bid bonds, performance bonds, payment bonds Insurance: Workers Compensation, Builders Risk, Public Liability, other. Comprehensive versus catastrophic insurance Estimating general and job overhead Types of bidding procedures / agreements Contracts: definition, types of contracts, effect of contract type on cost estimate Risk analysis, estimating profit and contingency, cost-trust relationship Labor/equipment analysis Materials management The CSI old 16 and new 49 divisions Estimating format and templates Take offs: Types, units, and methods Cost estimating sources: Estimating materials General tips on estimating Adjustment factors
Instructor: Dr. Saleh Mubarak, Ph.D., P.E. Dr. Mubarak earned his B.S., M.S., and Ph.D. in civil engineering, specializing in construction management. He comes with over 12 years of experience in the construction industry where he took on different jobs (structural engineer, field engineer, cost estimator, scheduler, project control, project management, trainer/instructor). He worked under private and public entities as well as a private consultant. Since July 2002, he has been working as the Capital Improvement Program (CIP) manager for the Public Works Department, Hillsborough County, Tampa, Florida. In addition, Dr. Mubarak worked as a full-time professor for over 7 years and as an adjunct professor for 6 more years. In addition to teaching a wide variety of courses, he conducted research, advised students, and served on a variety of committees.
Dr. Mubarak has been teaching continuing education seminars for over 10 years in the U.S., Canada, the U.K., and the Middle East. He helped develop a comprehensive project management training program at the Hillsborough County. Dr. Mubarak is an author of two books “How to Estimate with Means Data & CostWorks”, 3rd Edition, and “Construction Project Scheduling and Control” and numerous technical articles. He made numerous presentations in seminars and conferences. Dr. Mubarak is an active member in the PMI and PMI-College of Scheduling. Mubarak was recently chosen by the PMI as a member of a committee to write the new professional scheduler certification exam.
He possesses excellent communications, teaching, and training skills. He has special interest and made numerous presentations on diversity and multiculturalism. He is a Competent Toastmaster (CTM).
- Prerequisites & Certificates
- Cancellation Policy
If you wish to withdraw from a course, you must advise us, in writing, including the official receipt. Our policies regarding refund are:
More than fifteen business days in advance: a full refund minus $50.00 administration charge.
Fifteen or less business days in advance: a transfer to another course or a credit, valid for one year, to another GIC course can be considered. Credits are transferable within your organization.
If the course has been running for more than 2 weeks, or after the course has started, an 80% credit towards another GIC course may be considered, if notice is received before the start date of the second session. After this time, no refunds or credits will be issued. If a speaker is not available due to unforeseen circumstances, another speaker of equal ability will be substituted.
GIC reserves the right to cancel or change the date or location of its events. GIC's responsibility will, under no circumstances, exceed the amount of the fee collected. GIC is not responsible for the purchase of non-refundable travel arrangements or accommodations or the cancellation/change fees associated with cancelling them. Please call to confirm that the course is running before confirming travel arrangements and accommodations.
Refund Policy: Allow up to 30 days for refunds to be processed.
- Map & Reviews
Global Innovative Campus
[ View Provider's Profile ]
This course has not yet been rated by one of our members.
If you have taken a course through this vendor please log into your account and leave feedback for this vendor. You will be helping ensure our members get directed to the best training facilities.
This course currently does not have any dates scheduled. Please call 1-877-313-8881 to enquire about future dates or scheduling a private, in house course for your team.
This page has been viewed 206 times.